Forex Today: KOSPI, NASDAQ 100 Rise to New All-Time Highs - 04 May 2026

Global equity markets turned bullish on May 4, 2026, led by strong tech earnings as the US Tech 100 (Nasdaq 100) and the S&P 500 closed at record highs and South Korea’s KOSPI printed a new all-time high in Asia. Risk appetite has also lifted Bitcoin, which broke above $80,000 to a three‑month high. Safe-haven flows did not dominate despite geopolitical tension after Iran delivered a peace proposal and US warnings around the Strait of Hormuz; energy prices (crude and gasoline) were slightly lower. In FX, USD/JPY bounced off a long-term ascending trend line near ¥155.75 for the third time. Precious metals look set to drift down today. Commodity strength is mixed: US corn futures hit near one‑year highs last Friday. Overall the market tone is bullish, driven by tech earnings and momentum across equities and crypto.